期刊名称：Journal of Economics and International Finance
电子版ISSN：2006-9812
出版年度：2012
卷号：4
期号：5
页码：107-122
DOI：10.5897/JEIF11.139
语种：English
出版社：Academic Journals
摘要：The aim of this paper is to study the effects of the domestic and foreign Research and Development (R&D) on the total factor productivity (TFP) in the case of the developing countries. In other words, it is to determine the important role of the R&D externalities through the commercial opening in the TFP of these countries and the necessary conditions to enable them absorb the technological transfer. To achieve this, we apply a static and non-stationary (FMOLS and DOLS) panel data model of 24 developing countries, on data covering the period from 1996 to 2007. According to the estimates, it seems that the impact of the foreign R&D is greater than that of the domestic one. Therefore, technology transfer has a positive role in economic growth in the developing countries, namely in the economies where the human capital is so important that it helps adapt and assimilate foreign technology.
关键词：Research and Development (R&D);economic growth;panel data;developing countries
